UAE Israel Free Trade AgreementApril 2022
The UAE and Israel signed on April 1, 2022 a historical free trade zone agreement, following five months of negotiations.
In 2021 the trade between the two countries reached about 900 million dollars.
The new agreement includes about 95% of the trade of goods and services between the countries which will now be exempt from duty taxes right away or in the near future.
UAE business NewsJune 2018
Currently foreign investors are not allowed to have ownership exceeding 49% in UAE companies.
The UAE announced on May 20 that till the end of 2018 the 49% ownership limitation will be eased.
No further details were supplied.
UAE to Establish a Mortgage EntityDecember 2011
The UAE ministry of finance is having a joint committee with the central bank of UAE studying the aspects of setting up a new registration entity.
The study follows a need by small and medium size enterprises having difficulties in getting loans from banks and other credit funds in spite of their capital assets which may be used as a guarantee.
The establishment of a new entity keeping records on firms capital assets and mortgages is expected to help firms use their assets as guarantees for getting new funding with better interest rates.
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